Payroll Record Retention 2025

Payroll is a fundamental aspect of every business, and with it comes the responsibility of maintaining a wide range of payroll records. Each type of document has specific retention requirements that businesses must adhere to in order to remain compliant with federal and state regulations.

Payroll departments handle massive amounts of data annually, including employee master files (such as names and Social Security numbers), tax forms like Form W-4, payroll reports to agencies (e.g., Form 941 for the IRS and state unemployment insurance filings), employee termination records, and even legal documents like child support withholding orders.

A key challenge for payroll professionals is understanding exactly what records must be retained, in what format, and for how long. Record retention requirements vary based on government regulations, and failing to meet these standards can lead to compliance risks.

Compliance with Payroll Record Retention Requirements

Government agencies, including the IRS, provide specific guidelines for retaining payroll-related documents. For example, wage calculation records typically need to be kept for at least two years, while collective bargaining agreements often require a retention period of three years. However, retention rules can differ based on federal, state, and industry-specific regulations, making it essential for payroll professionals to stay informed.

Webinar Objectives

A breakdown of the essential payroll documents that require retention—including some that may not be traditionally recognized as payroll-related.
An overview of federal retention requirements and key differences among state regulations.
Guidance on how to determine the retention periods for various payroll records, including timesheets, payroll adjustments, wage deductions, and state tax filings.

This session will equip payroll professionals with the knowledge needed to ensure compliance with record retention laws while streamlining payroll management processes.

Webinar Agenda

Types of Payroll Documents
Retention of Documents
Specific State Laws

Webinar Highlights

Key Payroll Records: Identify the essential payroll documents that businesses must retain, including employee data, tax forms, and compliance reports.
Regulatory Requirements: Break down federal and state-specific retention guidelines for each type of payroll record.
Retention Timelines: Understand how long different payroll records must be kept to meet IRS, DOL, and other regulatory requirements.
State-Specific Variations: Explore how payroll record retention laws differ across states and what businesses need to know to stay compliant.
Best Practices for Compliance: Gain insights into proper recordkeeping methods, digital vs. paper storage options, and strategies for efficient payroll data management.